We have manifested our motto of being “trustworthy, transparent, and fair,” not just in words but through our actions and services. We value each client with utmost respect and consideration and strive to remain at the forefront of technological advancements to ensure our customers experience simplicity and customer care above all. Additionally, traders can read about the prevailing market sentiment, important support and resistance levels, pivot points, and implied volatility.
- LimeFX stands out as a solid broker choice for traders looking for a low-cost, regulated platform.
- LimeFX runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000.
- All content on this site is for informational purposes only and does not constitute financial advice.
- While LimeFX is regulated in Cyprus by the CySEC, this licensing does not offer clients the protection of a major body like the FCA.
- Demo users are given 10,000 units of their preferred currency to familiarise themselves with the forex and CFD markets on the MT4 platform.
Therefore, the app’s most important function is to allow traders to adjust their market exposure at all times. However, its rugged chart screens and order-placing capabilities are outclassed by newer and sleeker platforms. The platform accommodates basic technical analysis and automated trading. After 120 calendar days of inactivity, LimeFX begins to charge dormant accounts a monthly inactivity fee of 5 units of the base currency (EUR, USD, GBP). This fee is waived once trading activity resumes or the account balance drops to zero.
They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time. I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers. The technical support is good and it is noticeable that there are competent guys working.
LimeFX Regulation and Security
Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. Immerse yourself in the realm of unadulterated straight through processing and elevate your trading journey. Clients can choose from 100 tradable instruments across different asset classes.
Advanced Trading Technologies
There are a large number of brokerage firms that are hosted and operated outside of the United States. Some of these firms are not approved by their home country’s regulatory authority. Even those that are authorized may not have regulations that apply to U.S. residents or other jurisdictions. However, all regulatory bodies in the EU can operate in all countries around the world. Although forex regulators operate within their own jurisdictions, regulation varies significantly from country to country.
Tradable Instruments
VPS is a tool that facilitates average execution speeds of under 3 milliseconds, which is ideal for precise order execution. I tested the desktop version of the MetaTrader 4 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool. These allow traders to examine various market developments from different angles and to exploit the underlying trading opportunities in multiple ways. I performed my tests on an ECN XL trading account using the desktop and mobile app versions of MetaTrader 4. Some features and services may vary depending on where you reside and which entity you open an account with. They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far.
Our raison d’etre is to craft the most customer-oriented proposition within the industry. We are unwaveringly devoted to fostering our clients’ prosperity, presenting competitive pricing through the most equitable and transparent order process in the retail forex trading market. LimeFX’s primary ambition is to equip our clients with the requisite tools to hone their skills and relish an unparalleled trading experience at every phase of their voyage. LimeFX also provides several lucrative offers, including a limefx courses scam Virtual Private Server (VPS) and, depending on regulation, a first deposit bonus, ensuring accessibility, security, and speed for traders.
This app comes equipped with sophisticated charting tools, including 30 technical indicators, 9 different timeframes, and 3 varieties of charts, ensuring a comprehensive trading experience. However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the scammed by limefx average of around 0.3 pips at Fusion Markets, for example. However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the LimeFX platform. Still, LimeFX has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements.
Inactivity Fee
I use LimeFX for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they are pretty dated. The very first thing I noticed when I started trading with the ECN XL account was the instant execution.
